PepsiCo, Inc. $PEP Shares Sold by Guinness Asset Management LTD

Key Points

• Guinness Asset Management LTD reduced its stake in PepsiCo by 2.6%, now holding 1,204,528 shares worth approximately $180.56 million.
• Wells Fargo, Barclays, and Citigroup have recently increased their price targets for PepsiCo, with estimates now ranging from $144.00 to $168.00, reflecting positive analyst sentiment.
• PepsiCo declared a quarterly dividend of $1.4225, which represents a 3.9% yield based on its current payout ratio of 103.64%.

Guinness Asset Management LTD cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,204,528 shares of the company's stock after selling 32,260 shares during the period. PepsiCo comprises about 3.5% of Guinness Asset Management LTD's holdings, making the stock its 17th biggest holding. Guinness Asset Management LTD owned 0.09% of PepsiCo worth $180,558,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth $28,000. Sunbeam Capital Management LLC acquired a new position in PepsiCo during the fourth quarter worth $47,000. MorganRosel Wealth Management LLC acquired a new position in PepsiCo during the first quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in PepsiCo during the first quarter worth $58,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Barclays upped their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $146.00 target price on shares of PepsiCo in a report on Wednesday, September 3rd. Citigroup upped their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $158.67.

PepsiCo Trading Up 1.1%

Shares of PEP stock opened at $144.23 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market cap of $197.46 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46. The company has a 50-day moving average of $143.65 and a two-hundred day moving average of $140.69. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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